Hung Yen Province prioritizes high-tech and supporting industries

Hung Yen Province has attracted over 300 SI projects covering various sectors

So far, Hung Yen has received 2,122 domestic and foreign investment projects, with a total registered capital of over VND259 trillion and more than US$6 billion. These include over 300 SI projects covering various sectors.

In the mechanical engineering and manufacturing sector, production mainly focuses on molding, stamping, casting, precision machining, cutting tools, components, power machinery equipment, agricultural machinery, and structural steel.

According to the Provincial Department of Industry and Trade, most SI enterprises in Hung Yen are developing relatively well, supplying a large volume of products for key domestic industries and the global value chain, contributing to increasing the localization rate of industrial products.

In the electricity and electronics industry, SI enterprises produce electronic components, microchips, electronic component materials, electro-mechanical parts, and batteries for laptops and mobile phones. Those in the textile and garment industry manufacture fiber, various types of woven fabrics, embroidery threads, and accessories, among other products.

SI products for the leather and footwear industry include leather products, shoe soles, and tanning chemicals. SI enterprises in the automotive industry produce engines, engine components, automotive parts, chassis, body frames, doors, wiring, lighting assemblies, and plastic and rubber components for automobiles. The high-tech enterprises manufacture electronic components, microchips, and high-quality plastic parts to develop devices and produce various precision plastic details.

Outstanding SI enterprises of Hung Yen Province include Kyocera Vietnam, Fancy Industrial Vietnam, DSM Vietnam, ANNEX Electronics, Canon Electronics Vietnam, MINGHAO Electronics Vietnam, HOYA GLASS DISK Vietnam, Fancy Creation Vietnam, and Shin-Etsu Electronic Materials Vietnam, which produce electrical and electronic products within the value chain. Other companies, such as Tsukuba Vietnam, LTK Vietnam, Vikom, P&P Mechanical Company, Hoang Hac Phuong Bac, Konishi Vietnam, and Palfinger Marine Vietnam, manufacture mechanical and fabrication products.

The CEO of An Mi Tools Co., Ltd., located in Hung Yen Province’s Pho Noi B Textile and Garment Industrial Park, shared, “The mechanical engineering and manufacturing sector has significant potential for development. Domestic enterprises are capable of manufacturing products for supply to the global value chain, which can replace many imported products. Therefore, our company has identified its position in the value chain and is investing in the right direction.”